View Future GrowthTenaris 과거 순이익 실적과거 기준 점검 3/6Tenaris은 연평균 12.8%의 비율로 수입이 증가해 온 반면, Energy Services 산업은 수입이 51.9% 증가했습니다. 매출은 연평균 13.6%의 비율로 증가했습니다. Tenaris의 자기자본이익률은 11.6%이고 순이익률은 16.2%입니다.핵심 정보12.82%순이익 성장률14.63%주당순이익(EPS) 성장률Energy Services 산업 성장률23.29%매출 성장률13.57%자기자본이익률11.64%순이익률16.17%다음 순이익 업데이트05 Aug 2026최근 과거 실적 업데이트공시 • Jan 29+ 2 more updatesTenaris S.A. to Report Q1, 2026 Results on May 06, 2026Tenaris S.A. announced that they will report Q1, 2026 results on May 06, 2026공시 • Jan 14Tenaris S.A. to Report Q4, 2025 Results on Feb 18, 2026Tenaris S.A. announced that they will report Q4, 2025 results on Feb 18, 2026공시 • Feb 24+ 2 more updatesTenaris S.A. to Report Q1, 2025 Results on Apr 30, 2025Tenaris S.A. announced that they will report Q1, 2025 results at 9:05 AM, Central European Standard Time on Apr 30, 2025공시 • Dec 25Tenaris S.A. to Report Q4, 2024 Results on Feb 19, 2025Tenaris S.A. announced that they will report Q4, 2024 results on Feb 19, 2025Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: US$0.40 (vs US$0.46 in 3Q 2023)Third quarter 2024 results: EPS: US$0.40 (down from US$0.46 in 3Q 2023). Revenue: US$2.92b (down 10.0% from 3Q 2023). Net income: US$448.1m (down 17% from 3Q 2023). Profit margin: 15% (down from 17% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 2.3%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 01Second quarter 2024 earnings released: EPS: US$0.29 (vs US$0.95 in 2Q 2023)Second quarter 2024 results: EPS: US$0.29 (down from US$0.95 in 2Q 2023). Revenue: US$3.32b (down 19% from 2Q 2023). Net income: US$335.2m (down 70% from 2Q 2023). Profit margin: 10% (down from 28% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.모든 업데이트 보기Recent updatesBoard Change • May 20Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Independent Director Molly Montgomery was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • May 14Tenaris S.A. Approves Annual Dividend, Payable on May 20, 2026Tenaris S.A. announced that at the annual general shareholders' meeting held on May 12, 2026, the shareholders approved an annual dividend of USD 0.89 which represents an aggregate sum of approximately USD 0.9 billion, and which includes the interim dividend of USD 0.29 per share or approximately USD 0.3 billion, paid in November 2025. Tenaris will pay the balance of the annual dividend in the amount of USD 0.60 per share which represents approximately USD 0.6 billion, on May 20th, 2026; with a record date of May 19th, 2026, and an ex-dividend date of May 18th, 2026 for securities listed in Europe and Mexico and an ex-dividend of May 19th, 2026 for securities listed in the United States.공시 • May 09Tenaris S.A. Announces CEO ChangesTenaris S.A. announced that its Board of Directors appointed Gabriel Podskubka as Chief Executive Officer. Paolo Rocca will continue to serve as Chairman of the Board. The members of the Board would like to express their profound gratitude to Paolo Rocca for his outstanding leadership in building Tenaris into the clear global leader that it is today, and is pleased that Paolo will continue to serve as Chairman. Since even before Tenaris became a public company in 2002, Paolo has shown a remarkable vision in creating a unified company providing critical and uniquely differentiated products and services to customers in the energy industry. He has been the architect of the continuous growth of the company over the past 25 years, during which he has reinforced the solid industrial values which are the foundation of its success. Mr. Podskubka has served as Tenaris’s Chief Operating Officer since 2023, coordinating sales and marketing, supply chain and production operations, and product and service development. He joined Tenaris in Argentina in 1995 and has held leadership positions across marketing, commercial and industrial functions, including heading Tenaris’s Eastern European operations in 2009 and serving as president of its Eastern Hemisphere operations from 2013 to 2023.공시 • Mar 27Tenaris S.A. (BIT:TEN) acquired Oilfield Division of AllTorque Control Systems Inc.Tenaris S.A. (BIT:TEN) acquired Oilfield Division of AllTorque Control Systems Inc. on March 26, 2026. Tenaris S.A. (BIT:TEN) completed the acquisition of Oilfield Division of AllTorque Control Systems Inc. on March 26, 2026.공시 • Feb 20+ 2 more updatesTenaris S.A., Annual General Meeting, May 12, 2026Tenaris S.A., Annual General Meeting, May 12, 2026.공시 • Jan 29+ 2 more updatesTenaris S.A. to Report Q1, 2026 Results on May 06, 2026Tenaris S.A. announced that they will report Q1, 2026 results on May 06, 2026공시 • Jan 14Tenaris S.A. to Report Q4, 2025 Results on Feb 18, 2026Tenaris S.A. announced that they will report Q4, 2025 results on Feb 18, 2026공시 • Oct 30Tenaris S.A. Approves Interim Dividend, Payable on November 26, 2025board of directors of Tenaris S.A. approved the payment of an interim dividend of $0.29 per share ($0.58 per ADS), or approximately $300 million, according to the following timetable: Payment date: November 26, 2025. Record date: November 25, 2025. Ex-dividend for securities listed in the United States: November 25, 2025. Ex-dividend for securities listed in Europe and Mexico: November 24, 2025.공시 • May 07Tenaris S.A. Approves Final Dividend of Fiscal Year 2024, Payable on May 21, 2025Tenaris S.A. at its annual general meeting of shareholders and extraordinary general meeting of shareholders, both held on May 6, 2025 approved an annual dividend of USD 0.83 per share (or USD 1.66 per ADR), which represents an aggregate sum of approximately USD 0.9 billion, and which includes the interim dividend of USD 0.27 per share (USD 0.54 per ADR), or approximately USD 0.3 billion, paid in November 2024. Tenaris will pay the balance of the annual dividend in the amount of USD 0.56 per share entitled to dividends (or USD 1.12 per ADR), in U.S. dollars, which represents approximately USD 0.6 billion, on May 21, 2025; with a record date of May 20, 2025, and an ex-dividend date of May 19, 2025 for securities listed in Europe and Mexico and an ex-dividend of May 20, 2025 for securities listed in the United States.공시 • Apr 02Tenaris S.A., Annual General Meeting, May 06, 2025Tenaris S.A., Annual General Meeting, May 06, 2025, at 10:00 W. Europe Standard Time.공시 • Feb 24+ 2 more updatesTenaris S.A. to Report Q1, 2025 Results on Apr 30, 2025Tenaris S.A. announced that they will report Q1, 2025 results at 9:05 AM, Central European Standard Time on Apr 30, 2025공시 • Feb 21Tenaris S.A. Proposes Dividend, Payable on May 21, 2025Tenaris S.A. announced that Upon approval of the Company´s annual accounts in April 2025, the board of directors intends to propose, for approval of the annual general shareholders’ meeting to be held on May 6, 2025, the payment of a dividend per share of $0.83 (in an aggregate amount of approximately $0.9 billion), which would include the interim dividend per share of $0.27 (approximately $0.3 billion) paid in November 2024. If the annual dividend is approved by the shareholders, a dividend of $0.56 per share ($1.12 per ADS), or approximately $0.6 billion. Payment date: May 21, 2025. Record date: May 20, 2025. Ex-dividend for securities listed in Europe and Mexico: May 19, 2025. Ex-dividend for securities listed in the United States: May 20, 2025.공시 • Dec 25Tenaris S.A. to Report Q4, 2024 Results on Feb 19, 2025Tenaris S.A. announced that they will report Q4, 2024 results on Feb 19, 2025Declared Dividend • Nov 11Dividend of US$0.27 announcedShareholders will receive a dividend of US$0.27. Ex-date: 18th November 2024 Payment date: 20th November 2024 Dividend yield will be 3.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 25% over the next 3 years. However, it would need to fall by 68% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: US$0.40 (vs US$0.46 in 3Q 2023)Third quarter 2024 results: EPS: US$0.40 (down from US$0.46 in 3Q 2023). Revenue: US$2.92b (down 10.0% from 3Q 2023). Net income: US$448.1m (down 17% from 3Q 2023). Profit margin: 15% (down from 17% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 2.3%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Sep 19Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.6% to €13.19. The fair value is estimated to be €16.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to decline by 3.3% per annum. Earnings are also forecast to decline by 7.7% per annum over the same time period.Buy Or Sell Opportunity • Aug 29Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to €12.47. The fair value is estimated to be €15.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to decline by 3.2% per annum. Earnings are also forecast to decline by 8.0% per annum over the same time period.Buy Or Sell Opportunity • Aug 02Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to €13.14. The fair value is estimated to be €16.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to decline by 3.2% per annum. Earnings are also forecast to decline by 8.7% per annum over the same time period.Reported Earnings • Aug 01Second quarter 2024 earnings released: EPS: US$0.29 (vs US$0.95 in 2Q 2023)Second quarter 2024 results: EPS: US$0.29 (down from US$0.95 in 2Q 2023). Revenue: US$3.32b (down 19% from 2Q 2023). Net income: US$335.2m (down 70% from 2Q 2023). Profit margin: 10% (down from 28% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 13Upcoming dividend of US$0.40 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (3.7%).Buy Or Sell Opportunity • Apr 30Now 20% undervaluedOver the last 90 days, the stock has risen 6.8% to €15.78. The fair value is estimated to be €19.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Earnings per share has grown by 61%. For the next 3 years, revenue is forecast to decline by 3.3% per annum. Earnings are also forecast to decline by 15% per annum over the same time period.Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: US$0.63 (vs US$0.96 in 1Q 2023)First quarter 2024 results: EPS: US$0.63 (down from US$0.96 in 1Q 2023). Revenue: US$3.44b (down 17% from 1Q 2023). Net income: US$737.0m (down 35% from 1Q 2023). Profit margin: 21% (down from 27% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 3.8% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 1.3%. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 26Full year 2023 earnings released: EPS: US$3.32 (vs US$2.16 in FY 2022)Full year 2023 results: EPS: US$3.32 (up from US$2.16 in FY 2022). Revenue: US$14.9b (up 26% from FY 2022). Net income: US$3.92b (up 54% from FY 2022). Profit margin: 26% (up from 22% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Declared Dividend • Feb 26Dividend of US$0.40 announcedShareholders will receive a dividend of US$0.40. Ex-date: 20th May 2024 Payment date: 22nd May 2024 Dividend yield will be 3.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 40% over the next 3 years. However, it would need to fall by 80% to increase the payout ratio to a potentially unsustainable range.공시 • Feb 22Tenaris S.A., Annual General Meeting, Apr 30, 2024Tenaris S.A., Annual General Meeting, Apr 30, 2024. Agenda: To consider approval of dividend payement.Reported Earnings • Feb 22Full year 2023 earnings released: EPS: US$3.32 (vs US$2.16 in FY 2022)Full year 2023 results: EPS: US$3.32 (up from US$2.16 in FY 2022). Revenue: US$14.9b (up 26% from FY 2022). Net income: US$3.92b (up 54% from FY 2022). Profit margin: 26% (up from 22% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 1.7%. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.공시 • Jan 06+ 1 more updateTenaris S.A. to Report Q1, 2024 Results on Apr 25, 2024Tenaris S.A. announced that they will report Q1, 2024 results on Apr 25, 2024Upcoming Dividend • Nov 13Upcoming dividend of US$0.20 per share at 3.0% yieldEligible shareholders must have bought the stock before 20 November 2023. Payment date: 22 November 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.0%).공시 • Nov 04Tenaris S.A. Approves Interim Dividend, Payable on November 22, 2023Tenaris S.A. approved the payment of an interim dividend of $0.20 per share ($0.40 per ADS), or approximately $236 million. The payment date will be November 22, 2023, with an ex-dividend date on November 20, 2023 and record date on November 21, 2023.Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: US$0.46 (vs US$0.51 in 3Q 2022)Third quarter 2023 results: EPS: US$0.46 (down from US$0.51 in 3Q 2022). Revenue: US$3.24b (up 8.8% from 3Q 2022). Net income: US$537.3m (down 11% from 3Q 2022). Profit margin: 17% (down from 20% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 6.6% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Oct 27Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €18.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 6.0% per annum. Earnings is also forecast to decline by 21% per annum over the same time period.Buying Opportunity • Sep 19Now 20% undervaluedOver the last 90 days, the stock is up 20%. The fair value is estimated to be €19.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 5.8% per annum. Earnings is also forecast to decline by 20% per annum over the same time period.Buying Opportunity • Aug 23Now 20% undervaluedOver the last 90 days, the stock is up 24%. The fair value is estimated to be €19.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 5.4% per annum. Earnings is also forecast to decline by 20% per annum over the same time period.Reported Earnings • Aug 03Second quarter 2023 earnings released: EPS: US$0.95 (vs US$0.54 in 2Q 2022)Second quarter 2023 results: EPS: US$0.95 (up from US$0.54 in 2Q 2022). Revenue: US$4.07b (up 46% from 2Q 2022). Net income: US$1.12b (up 76% from 2Q 2022). Profit margin: 28% (up from 23% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 5.2% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.공시 • Jul 06Tenaris S.A. Appoints Martin Castro as President for Canadian OperationsTenaris S.A. has appointed Martin Castro as its new president in Canada where he will oversee all commercial, manufacturing and services operations, leading a team of approximately 1,000 in the country. Castro first joined Tenaris in 2007 in Argentina as a global markets senior analyst. In 2008, he moved to the United States where he worked in planning and commercial under various roles, including commercial vice-president. He managed four regional offices across the U.S. overseeing the company’s global key accounts, the implementation of Rig Direct and other business co-ordination responsibilities to strengthen customer partnerships. He also held the position of managing director for Tenaris’s operations in Southeast Asia and Oceania. Castro, born in Argentina, graduated from the Instituto Tecnológico de Buenos Aires, Argentina, with a degree in industrial engineering. He received the degree of finance specialization from the Universidad de San Andres in Argentina, and an executive MBA from Columbia Business School in New York. Castro is a U.S. citizen.Upcoming Dividend • May 15Upcoming dividend of US$0.34 per share at 3.8% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.5%).공시 • May 05Tenaris S.A. Approves Dividend for the Year 2022, Payable on May 24, 2023Tenaris S.A. held its AGM on May 3, 2023. The shareholders meeting also approved an annual dividend of USD 0.51 per share (or USD 1.02 per ADR), which represents an aggregate sum of approximately USD 602 million, and which includes the interim dividend of USD 0.17 per share (USD 0.34 per ADR), or approximately USD 201 million, paid in November 2022. Tenaris will pay the balance of the annual dividend in the amount of USD 0.34 per share (or USD 0.68 per ADR), in U.S. dollars, on May 24, 2023, with an ex-dividend date of May 22, 2023, and record date of May 23, 2023.Buying Opportunity • Apr 20Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be €16.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 91%. For the next 3 years, revenue is forecast to decline by 0.4% per annum. Earnings is also forecast to decline by 14% per annum over the same time period.Reported Earnings • Apr 09Full year 2022 earnings released: EPS: US$2.16 (vs US$0.93 in FY 2021)Full year 2022 results: EPS: US$2.16 (up from US$0.93 in FY 2021). Revenue: US$11.8b (up 80% from FY 2021). Net income: US$2.55b (up 132% from FY 2021). Profit margin: 22% (up from 17% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 5.2% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Feb 21Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 1.9%. The fair value is estimated to be €20.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 91%. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings is forecast to decline by 12% per annum over the same time period.공시 • Feb 17+ 1 more updateTenaris S.A. Proposes Dividend, Payable on May 24, 2023Tenaris S.A. proposed dividend of $0.34 per share ($0.68 per ADS), or approximately $401 million, will be paid on May 24, 2023, with an ex-dividend date on May 22, 2023 and record date on May 23, 2023.Reported Earnings • Feb 17Full year 2022 earnings released: EPS: US$2.16 (vs US$0.93 in FY 2021)Full year 2022 results: EPS: US$2.16 (up from US$0.93 in FY 2021). Revenue: US$11.8b (up 80% from FY 2021). Net income: US$2.55b (up 132% from FY 2021). Profit margin: 22% (up from 17% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.공시 • Jan 10+ 2 more updatesTenaris S.A. to Report Q4, 2022 Results on Feb 15, 2023Tenaris S.A. announced that they will report Q4, 2022 results on Feb 15, 2023Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Simon Ayat was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: US$0.51 (vs US$0.28 in 3Q 2021)Third quarter 2022 results: EPS: US$0.51 (up from US$0.28 in 3Q 2021). Revenue: US$2.97b (up 70% from 3Q 2021). Net income: US$606.5m (up 84% from 3Q 2021). Profit margin: 20% (up from 19% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Board Change • Sep 03Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Simon Ayat was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • May 16Upcoming dividend of US$0.28 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (3.7%).Reported Earnings • Apr 28First quarter 2022 earnings released: EPS: US$0.43 (vs US$0.09 in 1Q 2021)First quarter 2022 results: EPS: US$0.43 (up from US$0.09 in 1Q 2021). Revenue: US$2.37b (up 100% from 1Q 2021). Net income: US$502.8m (up 373% from 1Q 2021). Profit margin: 21% (up from 9.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 27%, compared to a 25% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. 5 independent directors (6 non-independent directors). Independent Director Simon Ayat was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Buying Opportunity • Mar 30Now 21% undervaluedOver the last 90 days, the stock is up 46%. The fair value is estimated to be €17.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.9% per annum. Earnings is also forecast to grow by 2.1% per annum over the same time period.Valuation Update With 7 Day Price Move • Mar 09Investor sentiment improved over the past weekAfter last week's 18% share price gain to €13.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Energy Services industry in Europe. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.14 per share.Reported Earnings • Feb 17Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: US$0.93 (up from US$0.54 loss in FY 2020). Revenue: US$6.52b (up 27% from FY 2020). Net income: US$1.10b (up US$1.73b from FY 2020). Profit margin: 17% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 31%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Buying Opportunity • Jan 22Now 22% undervaluedOver the last 90 days, the stock is up 3.2%. The fair value is estimated to be US$13.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% per annum over the last 3 years. The company has become profitable over the last year.Upcoming Dividend • Nov 15Upcoming dividend of US$0.13 per shareEligible shareholders must have bought the stock before 22 November 2021. Payment date: 24 November 2021. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.1%).Reported Earnings • Nov 05Third quarter 2021 earnings released: EPS US$0.28 (vs US$0.028 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$1.75b (up 73% from 3Q 2020). Net income: US$329.9m (up US$362.8m from 3Q 2020). Profit margin: 19% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Board Change • Sep 19Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. 5 independent directors (6 non-independent directors). Independent Director Simon Ayat was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.매출 및 비용 세부 내역Tenaris가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:TW10 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비31 Mar 2612,1591,9671,715031 Dec 2511,9811,9331,710030 Sep 2511,8312,0001,694030 Jun 2511,7692,0031,707031 Mar 2512,0051,8061,712031 Dec 2412,5242,0361,752030 Sep 2413,0942,6491,776030 Jun 2413,4162,7391,751031 Mar 2414,1693,5261,806031 Dec 2314,8693,9181,749030 Sep 2315,0743,5961,807030 Jun 2314,8113,6651,707031 Mar 2313,5373,1791,608031 Dec 2211,7632,5531,513030 Sep 2210,1992,1161,331030 Jun 228,9781,8391,399031 Mar 227,7061,4971,240031 Dec 216,5211,1001,128030 Sep 215,5958371,134030 Jun 214,854474950031 Mar 214,566132915031 Dec 205,147-6341,056030 Sep 205,757-5891,060030 Jun 206,508-4501,107031 Mar 207,185-1601,225031 Dec 197,2947431,248030 Sep 197,6588171,312030 Jun 197,7949571,308031 Mar 197,6648841,332031 Dec 187,6598761,320030 Sep 187,1438101,199030 Jun 186,5476681,269031 Mar 186,0015751,215031 Dec 175,2894531,270030 Sep 174,7453191,165030 Jun 174,4292191,183031 Mar 174,2411171,213031 Dec 164,294141,129030 Sep 164,470-781,543030 Jun 165,043-4371,443031 Mar 165,856-3441,478031 Dec 156,903-991,594030 Sep 158,3572131,3960양질의 수익: TW10는 고품질 수익을 보유하고 있습니다.이익 마진 증가: TW10의 현재 순 이익률 (16.2%)은 지난해 (15%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: TW10의 수익은 지난 5년 동안 연평균 12.8% 증가했습니다.성장 가속화: 지난 1년간 TW10 의 수익 증가율(8.9%)은 5년 평균(연간 12.8%)보다 낮습니다.수익 대 산업: TW10의 지난 1년 수익 증가율(8.9%)은 Energy Services 업계 평균(34.1%)을 능가하지 못했습니다.자기자본이익률높은 ROE: TW10의 자본 수익률(11.6%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YEnergy 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/01 18:20종가2026/07/01 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Tenaris S.A.는 41명의 분석가가 다루고 있습니다. 이 중 18명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Francesco TaddeiBanca Akros S.p.A. (ESN)Francesco SalaBanca Akros S.p.A. (ESN)Michael PickupBarclays38명의 분석가 더 보기
공시 • Jan 29+ 2 more updatesTenaris S.A. to Report Q1, 2026 Results on May 06, 2026Tenaris S.A. announced that they will report Q1, 2026 results on May 06, 2026
공시 • Jan 14Tenaris S.A. to Report Q4, 2025 Results on Feb 18, 2026Tenaris S.A. announced that they will report Q4, 2025 results on Feb 18, 2026
공시 • Feb 24+ 2 more updatesTenaris S.A. to Report Q1, 2025 Results on Apr 30, 2025Tenaris S.A. announced that they will report Q1, 2025 results at 9:05 AM, Central European Standard Time on Apr 30, 2025
공시 • Dec 25Tenaris S.A. to Report Q4, 2024 Results on Feb 19, 2025Tenaris S.A. announced that they will report Q4, 2024 results on Feb 19, 2025
Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: US$0.40 (vs US$0.46 in 3Q 2023)Third quarter 2024 results: EPS: US$0.40 (down from US$0.46 in 3Q 2023). Revenue: US$2.92b (down 10.0% from 3Q 2023). Net income: US$448.1m (down 17% from 3Q 2023). Profit margin: 15% (down from 17% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 2.3%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 01Second quarter 2024 earnings released: EPS: US$0.29 (vs US$0.95 in 2Q 2023)Second quarter 2024 results: EPS: US$0.29 (down from US$0.95 in 2Q 2023). Revenue: US$3.32b (down 19% from 2Q 2023). Net income: US$335.2m (down 70% from 2Q 2023). Profit margin: 10% (down from 28% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Board Change • May 20Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Independent Director Molly Montgomery was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • May 14Tenaris S.A. Approves Annual Dividend, Payable on May 20, 2026Tenaris S.A. announced that at the annual general shareholders' meeting held on May 12, 2026, the shareholders approved an annual dividend of USD 0.89 which represents an aggregate sum of approximately USD 0.9 billion, and which includes the interim dividend of USD 0.29 per share or approximately USD 0.3 billion, paid in November 2025. Tenaris will pay the balance of the annual dividend in the amount of USD 0.60 per share which represents approximately USD 0.6 billion, on May 20th, 2026; with a record date of May 19th, 2026, and an ex-dividend date of May 18th, 2026 for securities listed in Europe and Mexico and an ex-dividend of May 19th, 2026 for securities listed in the United States.
공시 • May 09Tenaris S.A. Announces CEO ChangesTenaris S.A. announced that its Board of Directors appointed Gabriel Podskubka as Chief Executive Officer. Paolo Rocca will continue to serve as Chairman of the Board. The members of the Board would like to express their profound gratitude to Paolo Rocca for his outstanding leadership in building Tenaris into the clear global leader that it is today, and is pleased that Paolo will continue to serve as Chairman. Since even before Tenaris became a public company in 2002, Paolo has shown a remarkable vision in creating a unified company providing critical and uniquely differentiated products and services to customers in the energy industry. He has been the architect of the continuous growth of the company over the past 25 years, during which he has reinforced the solid industrial values which are the foundation of its success. Mr. Podskubka has served as Tenaris’s Chief Operating Officer since 2023, coordinating sales and marketing, supply chain and production operations, and product and service development. He joined Tenaris in Argentina in 1995 and has held leadership positions across marketing, commercial and industrial functions, including heading Tenaris’s Eastern European operations in 2009 and serving as president of its Eastern Hemisphere operations from 2013 to 2023.
공시 • Mar 27Tenaris S.A. (BIT:TEN) acquired Oilfield Division of AllTorque Control Systems Inc.Tenaris S.A. (BIT:TEN) acquired Oilfield Division of AllTorque Control Systems Inc. on March 26, 2026. Tenaris S.A. (BIT:TEN) completed the acquisition of Oilfield Division of AllTorque Control Systems Inc. on March 26, 2026.
공시 • Feb 20+ 2 more updatesTenaris S.A., Annual General Meeting, May 12, 2026Tenaris S.A., Annual General Meeting, May 12, 2026.
공시 • Jan 29+ 2 more updatesTenaris S.A. to Report Q1, 2026 Results on May 06, 2026Tenaris S.A. announced that they will report Q1, 2026 results on May 06, 2026
공시 • Jan 14Tenaris S.A. to Report Q4, 2025 Results on Feb 18, 2026Tenaris S.A. announced that they will report Q4, 2025 results on Feb 18, 2026
공시 • Oct 30Tenaris S.A. Approves Interim Dividend, Payable on November 26, 2025board of directors of Tenaris S.A. approved the payment of an interim dividend of $0.29 per share ($0.58 per ADS), or approximately $300 million, according to the following timetable: Payment date: November 26, 2025. Record date: November 25, 2025. Ex-dividend for securities listed in the United States: November 25, 2025. Ex-dividend for securities listed in Europe and Mexico: November 24, 2025.
공시 • May 07Tenaris S.A. Approves Final Dividend of Fiscal Year 2024, Payable on May 21, 2025Tenaris S.A. at its annual general meeting of shareholders and extraordinary general meeting of shareholders, both held on May 6, 2025 approved an annual dividend of USD 0.83 per share (or USD 1.66 per ADR), which represents an aggregate sum of approximately USD 0.9 billion, and which includes the interim dividend of USD 0.27 per share (USD 0.54 per ADR), or approximately USD 0.3 billion, paid in November 2024. Tenaris will pay the balance of the annual dividend in the amount of USD 0.56 per share entitled to dividends (or USD 1.12 per ADR), in U.S. dollars, which represents approximately USD 0.6 billion, on May 21, 2025; with a record date of May 20, 2025, and an ex-dividend date of May 19, 2025 for securities listed in Europe and Mexico and an ex-dividend of May 20, 2025 for securities listed in the United States.
공시 • Apr 02Tenaris S.A., Annual General Meeting, May 06, 2025Tenaris S.A., Annual General Meeting, May 06, 2025, at 10:00 W. Europe Standard Time.
공시 • Feb 24+ 2 more updatesTenaris S.A. to Report Q1, 2025 Results on Apr 30, 2025Tenaris S.A. announced that they will report Q1, 2025 results at 9:05 AM, Central European Standard Time on Apr 30, 2025
공시 • Feb 21Tenaris S.A. Proposes Dividend, Payable on May 21, 2025Tenaris S.A. announced that Upon approval of the Company´s annual accounts in April 2025, the board of directors intends to propose, for approval of the annual general shareholders’ meeting to be held on May 6, 2025, the payment of a dividend per share of $0.83 (in an aggregate amount of approximately $0.9 billion), which would include the interim dividend per share of $0.27 (approximately $0.3 billion) paid in November 2024. If the annual dividend is approved by the shareholders, a dividend of $0.56 per share ($1.12 per ADS), or approximately $0.6 billion. Payment date: May 21, 2025. Record date: May 20, 2025. Ex-dividend for securities listed in Europe and Mexico: May 19, 2025. Ex-dividend for securities listed in the United States: May 20, 2025.
공시 • Dec 25Tenaris S.A. to Report Q4, 2024 Results on Feb 19, 2025Tenaris S.A. announced that they will report Q4, 2024 results on Feb 19, 2025
Declared Dividend • Nov 11Dividend of US$0.27 announcedShareholders will receive a dividend of US$0.27. Ex-date: 18th November 2024 Payment date: 20th November 2024 Dividend yield will be 3.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 25% over the next 3 years. However, it would need to fall by 68% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: US$0.40 (vs US$0.46 in 3Q 2023)Third quarter 2024 results: EPS: US$0.40 (down from US$0.46 in 3Q 2023). Revenue: US$2.92b (down 10.0% from 3Q 2023). Net income: US$448.1m (down 17% from 3Q 2023). Profit margin: 15% (down from 17% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 2.3%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Sep 19Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.6% to €13.19. The fair value is estimated to be €16.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to decline by 3.3% per annum. Earnings are also forecast to decline by 7.7% per annum over the same time period.
Buy Or Sell Opportunity • Aug 29Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to €12.47. The fair value is estimated to be €15.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to decline by 3.2% per annum. Earnings are also forecast to decline by 8.0% per annum over the same time period.
Buy Or Sell Opportunity • Aug 02Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to €13.14. The fair value is estimated to be €16.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to decline by 3.2% per annum. Earnings are also forecast to decline by 8.7% per annum over the same time period.
Reported Earnings • Aug 01Second quarter 2024 earnings released: EPS: US$0.29 (vs US$0.95 in 2Q 2023)Second quarter 2024 results: EPS: US$0.29 (down from US$0.95 in 2Q 2023). Revenue: US$3.32b (down 19% from 2Q 2023). Net income: US$335.2m (down 70% from 2Q 2023). Profit margin: 10% (down from 28% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 13Upcoming dividend of US$0.40 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (3.7%).
Buy Or Sell Opportunity • Apr 30Now 20% undervaluedOver the last 90 days, the stock has risen 6.8% to €15.78. The fair value is estimated to be €19.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Earnings per share has grown by 61%. For the next 3 years, revenue is forecast to decline by 3.3% per annum. Earnings are also forecast to decline by 15% per annum over the same time period.
Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: US$0.63 (vs US$0.96 in 1Q 2023)First quarter 2024 results: EPS: US$0.63 (down from US$0.96 in 1Q 2023). Revenue: US$3.44b (down 17% from 1Q 2023). Net income: US$737.0m (down 35% from 1Q 2023). Profit margin: 21% (down from 27% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 3.8% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 1.3%. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 26Full year 2023 earnings released: EPS: US$3.32 (vs US$2.16 in FY 2022)Full year 2023 results: EPS: US$3.32 (up from US$2.16 in FY 2022). Revenue: US$14.9b (up 26% from FY 2022). Net income: US$3.92b (up 54% from FY 2022). Profit margin: 26% (up from 22% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Feb 26Dividend of US$0.40 announcedShareholders will receive a dividend of US$0.40. Ex-date: 20th May 2024 Payment date: 22nd May 2024 Dividend yield will be 3.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 40% over the next 3 years. However, it would need to fall by 80% to increase the payout ratio to a potentially unsustainable range.
공시 • Feb 22Tenaris S.A., Annual General Meeting, Apr 30, 2024Tenaris S.A., Annual General Meeting, Apr 30, 2024. Agenda: To consider approval of dividend payement.
Reported Earnings • Feb 22Full year 2023 earnings released: EPS: US$3.32 (vs US$2.16 in FY 2022)Full year 2023 results: EPS: US$3.32 (up from US$2.16 in FY 2022). Revenue: US$14.9b (up 26% from FY 2022). Net income: US$3.92b (up 54% from FY 2022). Profit margin: 26% (up from 22% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 1.7%. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
공시 • Jan 06+ 1 more updateTenaris S.A. to Report Q1, 2024 Results on Apr 25, 2024Tenaris S.A. announced that they will report Q1, 2024 results on Apr 25, 2024
Upcoming Dividend • Nov 13Upcoming dividend of US$0.20 per share at 3.0% yieldEligible shareholders must have bought the stock before 20 November 2023. Payment date: 22 November 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.0%).
공시 • Nov 04Tenaris S.A. Approves Interim Dividend, Payable on November 22, 2023Tenaris S.A. approved the payment of an interim dividend of $0.20 per share ($0.40 per ADS), or approximately $236 million. The payment date will be November 22, 2023, with an ex-dividend date on November 20, 2023 and record date on November 21, 2023.
Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: US$0.46 (vs US$0.51 in 3Q 2022)Third quarter 2023 results: EPS: US$0.46 (down from US$0.51 in 3Q 2022). Revenue: US$3.24b (up 8.8% from 3Q 2022). Net income: US$537.3m (down 11% from 3Q 2022). Profit margin: 17% (down from 20% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 6.6% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Oct 27Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €18.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 6.0% per annum. Earnings is also forecast to decline by 21% per annum over the same time period.
Buying Opportunity • Sep 19Now 20% undervaluedOver the last 90 days, the stock is up 20%. The fair value is estimated to be €19.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 5.8% per annum. Earnings is also forecast to decline by 20% per annum over the same time period.
Buying Opportunity • Aug 23Now 20% undervaluedOver the last 90 days, the stock is up 24%. The fair value is estimated to be €19.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 5.4% per annum. Earnings is also forecast to decline by 20% per annum over the same time period.
Reported Earnings • Aug 03Second quarter 2023 earnings released: EPS: US$0.95 (vs US$0.54 in 2Q 2022)Second quarter 2023 results: EPS: US$0.95 (up from US$0.54 in 2Q 2022). Revenue: US$4.07b (up 46% from 2Q 2022). Net income: US$1.12b (up 76% from 2Q 2022). Profit margin: 28% (up from 23% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 5.2% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.
공시 • Jul 06Tenaris S.A. Appoints Martin Castro as President for Canadian OperationsTenaris S.A. has appointed Martin Castro as its new president in Canada where he will oversee all commercial, manufacturing and services operations, leading a team of approximately 1,000 in the country. Castro first joined Tenaris in 2007 in Argentina as a global markets senior analyst. In 2008, he moved to the United States where he worked in planning and commercial under various roles, including commercial vice-president. He managed four regional offices across the U.S. overseeing the company’s global key accounts, the implementation of Rig Direct and other business co-ordination responsibilities to strengthen customer partnerships. He also held the position of managing director for Tenaris’s operations in Southeast Asia and Oceania. Castro, born in Argentina, graduated from the Instituto Tecnológico de Buenos Aires, Argentina, with a degree in industrial engineering. He received the degree of finance specialization from the Universidad de San Andres in Argentina, and an executive MBA from Columbia Business School in New York. Castro is a U.S. citizen.
Upcoming Dividend • May 15Upcoming dividend of US$0.34 per share at 3.8% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.5%).
공시 • May 05Tenaris S.A. Approves Dividend for the Year 2022, Payable on May 24, 2023Tenaris S.A. held its AGM on May 3, 2023. The shareholders meeting also approved an annual dividend of USD 0.51 per share (or USD 1.02 per ADR), which represents an aggregate sum of approximately USD 602 million, and which includes the interim dividend of USD 0.17 per share (USD 0.34 per ADR), or approximately USD 201 million, paid in November 2022. Tenaris will pay the balance of the annual dividend in the amount of USD 0.34 per share (or USD 0.68 per ADR), in U.S. dollars, on May 24, 2023, with an ex-dividend date of May 22, 2023, and record date of May 23, 2023.
Buying Opportunity • Apr 20Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be €16.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 91%. For the next 3 years, revenue is forecast to decline by 0.4% per annum. Earnings is also forecast to decline by 14% per annum over the same time period.
Reported Earnings • Apr 09Full year 2022 earnings released: EPS: US$2.16 (vs US$0.93 in FY 2021)Full year 2022 results: EPS: US$2.16 (up from US$0.93 in FY 2021). Revenue: US$11.8b (up 80% from FY 2021). Net income: US$2.55b (up 132% from FY 2021). Profit margin: 22% (up from 17% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 5.2% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Feb 21Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 1.9%. The fair value is estimated to be €20.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 91%. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings is forecast to decline by 12% per annum over the same time period.
공시 • Feb 17+ 1 more updateTenaris S.A. Proposes Dividend, Payable on May 24, 2023Tenaris S.A. proposed dividend of $0.34 per share ($0.68 per ADS), or approximately $401 million, will be paid on May 24, 2023, with an ex-dividend date on May 22, 2023 and record date on May 23, 2023.
Reported Earnings • Feb 17Full year 2022 earnings released: EPS: US$2.16 (vs US$0.93 in FY 2021)Full year 2022 results: EPS: US$2.16 (up from US$0.93 in FY 2021). Revenue: US$11.8b (up 80% from FY 2021). Net income: US$2.55b (up 132% from FY 2021). Profit margin: 22% (up from 17% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
공시 • Jan 10+ 2 more updatesTenaris S.A. to Report Q4, 2022 Results on Feb 15, 2023Tenaris S.A. announced that they will report Q4, 2022 results on Feb 15, 2023
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Simon Ayat was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: US$0.51 (vs US$0.28 in 3Q 2021)Third quarter 2022 results: EPS: US$0.51 (up from US$0.28 in 3Q 2021). Revenue: US$2.97b (up 70% from 3Q 2021). Net income: US$606.5m (up 84% from 3Q 2021). Profit margin: 20% (up from 19% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Board Change • Sep 03Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Simon Ayat was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • May 16Upcoming dividend of US$0.28 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (3.7%).
Reported Earnings • Apr 28First quarter 2022 earnings released: EPS: US$0.43 (vs US$0.09 in 1Q 2021)First quarter 2022 results: EPS: US$0.43 (up from US$0.09 in 1Q 2021). Revenue: US$2.37b (up 100% from 1Q 2021). Net income: US$502.8m (up 373% from 1Q 2021). Profit margin: 21% (up from 9.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 27%, compared to a 25% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. 5 independent directors (6 non-independent directors). Independent Director Simon Ayat was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Buying Opportunity • Mar 30Now 21% undervaluedOver the last 90 days, the stock is up 46%. The fair value is estimated to be €17.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.9% per annum. Earnings is also forecast to grow by 2.1% per annum over the same time period.
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment improved over the past weekAfter last week's 18% share price gain to €13.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Energy Services industry in Europe. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.14 per share.
Reported Earnings • Feb 17Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: US$0.93 (up from US$0.54 loss in FY 2020). Revenue: US$6.52b (up 27% from FY 2020). Net income: US$1.10b (up US$1.73b from FY 2020). Profit margin: 17% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 31%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Buying Opportunity • Jan 22Now 22% undervaluedOver the last 90 days, the stock is up 3.2%. The fair value is estimated to be US$13.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% per annum over the last 3 years. The company has become profitable over the last year.
Upcoming Dividend • Nov 15Upcoming dividend of US$0.13 per shareEligible shareholders must have bought the stock before 22 November 2021. Payment date: 24 November 2021. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.1%).
Reported Earnings • Nov 05Third quarter 2021 earnings released: EPS US$0.28 (vs US$0.028 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$1.75b (up 73% from 3Q 2020). Net income: US$329.9m (up US$362.8m from 3Q 2020). Profit margin: 19% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Board Change • Sep 19Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. 5 independent directors (6 non-independent directors). Independent Director Simon Ayat was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.